KBRA Publishes a Rating for ABN AMRO Bank N.V.'s Participation in a Capital Call Facility to InfraVia European Fund V
July 16 2024 - 1:03PM
Business Wire
KBRA UK (KBRA) publishes the rating assigned to ABN AMRO Bank
N.V.'s (ABN AMRO) participation in a capital call facility in the
form of a replenishable term loan (the "Facility") provided to
InfraVia European Fund V. The rating was requested by ABN AMRO as a
participating lender in the transaction. On 29 March 2024, KBRA UK
(KBRA) assigned an A+ rating and Stable outlook to the Facility on
an unpublished basis.
ABN AMRO has committed €325 million to the €1,525 million
Facility. The Facility is used for working capital and investment
purposes including investments and is due to mature in September
2024. The Lenders have a first priority security interest in the
uncalled capital commitments of the Fund, including the right to
make capital calls under the finance documents further to the
occurrence of an acceleration or a payment default.
InfraVia European Fund V is the fifth vintage in InfraVia
Capital Partners' infrastructure strategy. The investment strategy
focuses on a range of infrastructure transactions with a focus on
mid-market infrastructure projects in the transportation, energy,
social infrastructures, utilities and communication sectors and in
related services fields, with geographical focus in the
Eurozone.
To access rating and relevant documents, click here.
Click here to view the report.
Methodologies
- Funds: Investment Fund Debt Global Rating Methodology
- ESG Global Rating Methodology
Disclosures
Further information on key credit considerations, sensitivity
analyses that consider what factors can affect these credit ratings
and how they could lead to an upgrade or a downgrade, and ESG
factors (where they are a key driver behind the change to the
credit rating or rating outlook) can be found in the full rating
report referenced above.
A description of all substantially material sources that were
used to prepare the credit rating and information on the
methodology(ies) (inclusive of any material models and sensitivity
analyses of the relevant key rating assumptions, as applicable)
used in determining the credit rating is available in the
Information Disclosure Form(s) located here.
Information on the meaning of each rating category can be
located here.
This credit rating is endorsed by Kroll Bond Rating Agency
Europe Limited for use in the European Union. Information on a
credit rating’s endorsement status is available on its rating page
at KBRA.com.
Further disclosures relating to this rating action are available
in the Information Disclosure Form(s) referenced above. Additional
information regarding KBRA policies, methodologies, rating scales
and disclosures are available at www.kbra.com.
There are certain issuers, entities or transactions rated by
KBRA Europe or KBRA UK that may be or have relationships with
Shareholders and/or Shareholder-Related Companies, as that term is
defined in KBRA’s Shareholder and Shareholder Related Companies for
KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure
information may be found here.
About KBRA UK
Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit
rating agency registered with the U.S. Securities and Exchange
Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is
registered as a CRA with the European Securities and Markets
Authority. Kroll Bond Rating Agency UK Limited is registered as a
CRA with the UK Financial Conduct Authority. In addition, KBRA is
designated as a designated rating organization by the Ontario
Securities Commission for issuers of asset-backed securities to
file a short form prospectus or shelf prospectus. KBRA is also
recognized by the National Association of Insurance Commissioners
as a Credit Rating Provider. Kroll Bond Rating Agency UK is located
at 1 Connaught Place, 2nd Floor London, England.
Doc ID: 1005129
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Analytical Contacts
Thomas Speller, Managing Director, Head of European Funds (Lead
Analyst) +44 20 8148 1025 thomas.speller@kbra.com
Amani Ibrahim, Associate +44 20 8148 1009
amani.ibrahim@kbra.com
Gopal Narsimhamurthy, Senior Managing Director, Global Head of
Funds Ratings (Rating Committee Chair) +1 646-731-3392
gopal.narsimhamurthy@kbra.com
Business Development Contact
Mauricio Noé, Co-Head of Europe +44 20 8148 1010
mauricio.noe@kbra.com